Wheeler Heights is a smaller suburb in New South Wales within the Northern Beaches local government area (postcode 2097). With a population of 3,232, the suburb has an established demographic with a median age of 40. Households earn a median income of $152K per year, with an average household size of 3.2 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Wheeler Heights is $1.6 million, having dropped significantly 32.5% over the past year. Units have a median price of $1.6 million (+17.5% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $3,198.
Public transport access includes 13 bus stops. The crime rate in the Northern Beaches LGA is low at 1,499 incidents per 100,000 population.
From an investment perspective, Wheeler Heights offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 10.6x is considered stretched. House prices have moved -32.5% year-on-year.
Wheeler Heights is a smaller suburb in New South Wales within the Northern Beaches local government area (postcode 2097). With a population of 3,232, the suburb has an established demographic with a median age of 40. Households earn a median income of $152K per year, with an average household size of 3.2 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Wheeler Heights is $1.6 million, having dropped significantly 32.5% over the past year. Units have a median price of $1.6 million (+17.5% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $3,198.
Public transport access includes 13 bus stops. The crime rate in the Northern Beaches LGA is low at 1,499 incidents per 100,000 population.
From an investment perspective, Wheeler Heights offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 10.6x is considered stretched. House prices have moved -32.5% year-on-year.